Australia Insurance News
Iag Boss Promises Investor Targets
Saturday May 31, 2008
THE new chief executive of Insurance Australia Group, Mike Wilkins, is to outline a tough set of financial targets by which investors will be able to judge the battered insurer after the recent turmoil that cost the job of his predecessor, Michael Hawker.Iag Chief Resigns As Investors Vent Anger
Tuesday May 27, 2008
THE chief executive of Insurance Australia Group, Michael Hawker, resigned yesterday, taking the blame for the struggling insurer's lacklustre performance and a shareholder backlash over the company's decision to reject an $8.7 billion offer by its rival, QBE, last week without consulting investors.Hospital Funds 'not Enough'
Sunday May 25, 2008
ANOTHER $150 million instalment will go to Australia's public hospitals but critics say the funding will not make a dent in elective surgery waiting lists.Disgruntled Investors Take A Stick To Iag After Merger Rejection
Thursday May 22, 2008
INSURANCE Australia Group has gone into damage control after investors punished its weakened share price following the end of QBE's battle to try to force an $8.7 billion merger.Merger Looks Over As Iag Rejects Qbe's Final Offer
Wednesday May 21, 2008
THE stand-off between QBE and Insurance Australia Group over an $8.7 billion merger plan is set to end with both sides going their separate ways after the embattled domestic insurer last night rejected its rival's latest, slightly increased offer.Iag Snubs $9bn Qbe Merger Plan
Wednesday May 21, 2008
THE stand-off between QBE and Insurance Australia Group over an $8.7 billion merger plan is set to end, with both sides going their separate ways. IAG last night rejected its rival's latest, slightly increased offer.Nib Says Numbers Will Drop
Tuesday May 20, 2008
THE row over health insurance has deepened after Newcastle-based listed fund NIB Holdings predicted a "shock loss" of 25,000 policyholders from the Rudd Government's proposed changes to the Medicare surcharge levy.Iag Spurns Qbe's Final Offer
Tuesday May 20, 2008
THE global insurer QBE is on the verge of walking away from its hoped-for merger with its domestic rival, Insurance Australia Group, after its target yesterday rejected a third - and seemingly last - takeover offer worth $8.7 billion.Qbe Ready To Walk Away From Iag
Tuesday May 20, 2008
GLOBAL insurer QBE is on the verge of walking away from its hoped-for merger with domestic rival Insurance Australia Group after its target yesterday rejected a third and seemingly last takeover offer worth $8.7 billion.Strong Walking A Precarious Line In Face Of Bid
Tuesday May 20, 2008
Make no mistake, Insurance Australia Group shareholders are in for a hiding if the bidder quits.Why Iag's Strong Is Between A Rock And A Hard Place
Tuesday May 20, 2008
The chairman of Insurance Australia Group, James Strong, is playing a precarious game of brinkmanship. Should he continue to spurn the advances of QBE, his shares and those of 900,000 other holders are headed back below $4.Iag Waits For Qbe's Next Move As Deadline Ticks Over
Monday May 19, 2008
THE $8 billion takeover battle that the global insurer QBE is waging for its domestic rival Insurance Australia Group is reaching a climax, with both sides under pressure to negotiate an agreed merger deal.Westpac-st George Merger Won't Disturb Comfortable Four-pillars Landscape
Thursday May 15, 2008
The political value of Australia's banking policy is always a consideration.Insurers Unfazed By Budget Changes As Merger Approved
Tuesday May 13, 2008
MBF and BUPA Australia will sail together into the unknown after policyholders approved a merger, but the combined group's future will be increasingly clouded by changes to the regulation of health insurance.Qbe Extends Offer, Closes In On Iag
Wednesday May 7, 2008
THE $8 billion takeover tussle between QBE and Insurance Australia Group is increasingly being framed around the daily movements in their respective share prices, as the global insurer sent its contested bid into a fifth week.Bid Extended As Iag Holds Out
Wednesday May 7, 2008
THE battle lines of the $8 billion takeover tussle between QBE and Insurance Australia Group are being increasingly drawn around the daily movements in their share prices, as the global insurer yesterday sent its contested bid into a fifth week.Qbe Decides Its Time To Turn Up The Heat On Iag
Tuesday May 6, 2008
GLOBAL insurer QBE will try today to tighten the screws on Insurance Australia Group by extending the period for IAG directors to reconsider their hostile rejection of QBE's $8 billion-plus merger offer.Qbe Lets Iag Mull On Offer For A Little Longer
Tuesday May 6, 2008
GLOBAL insurer QBE will today endeavour to tighten the screws on its takeover target, Insurance Australia Group, by extending the period for the company's directors to reconsider their hostile rejection of its $8 billion-plus merger offer.